The future of autonomous driving is no longer a theoretical point in the
distance. It’s here.
The car, which was for so long simply the sum of its parts — a combustion
engine, chassis, wheels — has become so much more. It can now be thought of as
limitless points of data, collected by the automobile itself, fed through
onboard computers and external devices, making the act of driving more
efficient, safer and a whole new experience entirely.
And none of this would be possible without the advent of blockchain
technology. With distributed ledgers enabling the collection, storage and
interpretation of a new avalanche of data, they will be an indispensable tool
in the future of automobiles.
A few pioneers have been leading this charge. There are
automakers like Tesla, which have changed the way we think about our cars and
reintroduced them as super computers that get us from point a to point b. There
are traditional companies in the space like Toyota that, through its Toyota
Research Institute, are reexamining the data their products can collect. And
there are companies like Gem, which are taking their expertise in the
blockchain technology space and tailoring applications for the automotive and
Distributed’s four-part “Driving the Future of Blockchains”
series, to be presented here in the coming weeks, will take a deep dive into
the present and future of blockchain disruption for the automobile industry.
Stay tuned to this space for more.
The “Driving the
Future of Blockchains” series is presented by Gem, a sponsor of
The Enterprise Ethereum Alliance has announced a "Token Taxonomy Initiative" to develop universal definitions for tokens to encourage their interchangeability across blockchain platforms. Members of the initiative include Microsoft, R3, ConsenSys, IBM, EY, Accenture and Intel.
Gemini Trust, a New York-based cryptocurrency exchange, has announced support for Segregated Witness (SegWit) addresses and transaction batching. As a result, customers can now use SegWit addresses for bitcoin deposits and withdrawals, ideally improving processing times and lowering bitcoin withdrawal fees.
Food producer Nestlé and retailer Carrefour will equip the packaging of a French instant mashed potato product with a QR code that provides blockchain-based data about its origins to consumers. The pilot was developed in conjunction with IBM Food Trust.